Talk Your Book: Sectors & The Business Cycle

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Today’s Talk Your Book is brought to you by State Street:

We spoke with State Street’s Matt Bartolini about the various sectors in the stock market.

We discuss:

  • This run-up in tech stocks is unprecedented
  • How the different sectors have held up during recessions historically
  • Why there is a wider dispersion in sectors than factors
  • The need to recalibrate historical sector relationships
  • Are sectors acting like this is a new bull market?
  • Can sectors tell us where we are in the business cycle?
  • More stocks underperform than outperform their sector
  • Concentration risk in sectors
  • The ability to invest thematically is a win for individual investors
  • The 4 different ways to think about investing in sectors
  • How thematic ETFs are doing
  • Why fund flows are hard to understand
  • What’s next for thematic ETFs?

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